Henderson is launching a European high yield bond fund for fixed income duo Stephen Thariyan and Chris Bullock.

Schroders' Richard Buxton has said he is still "not enthused" by Glencore's revised offer for Xstrata as the miner requests clarification over the latest twist in the takeover.

The US economy added 96,000 jobs in August, failing to meet economists' expectations and prompting Goldman Sachs to predict a fresh round of quantitative easing next week.

The managers of the Kennox Strategic Value fund have moved to add several new holdings to their concentrated portfolio in a bid to take advantage of market volatility.

Glencore shares have slumped after the commodities trader responded to months of shareholder pressure by improving its offer for miner Xstrata.

The FTSE 100 has risen 2.1% and yields on benchmark Italian government debt have touched five-month lows as markets react positively to the ECB's bond-buying plans.

ECB president Mario Draghi has outlined details of a plan to buy unlimited amounts of eurozone nations' short-dated debt in an effort to stem the eurozone crisis.

Scottish Widows Investment Partnership has hired BlackRock's Calum Smith to the newly-created role of head of global aggregate in its fixed income team.

Managers are increasingly concerned about the future resilience of UK dividends as payouts hit record levels and a slowing economy prompts the need for companies to reallocate capital.

Principal Investment Management has acquired discretionary investment manager Iain Nicholson Investment as it expands its presence in the regions.